True North Advisors LLC Increases Stake in iShares Gold Trust $IAU

True North Advisors LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 858.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 103,876 shares of the exchange traded fund’s stock after acquiring an additional 93,034 shares during the quarter. iShares Gold Trust comprises approximately 1.2% of True North Advisors LLC’s holdings, making the stock its 15th biggest position. True North Advisors LLC’s holdings in iShares Gold Trust were worth $7,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $25,000. Private Wealth Management Group LLC raised its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc purchased a new stake in shares of iShares Gold Trust during the second quarter worth $28,000. Finally, Traub Capital Management LLC bought a new position in shares of iShares Gold Trust in the second quarter worth $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $83.59 on Tuesday. iShares Gold Trust has a fifty-two week low of $49.00 and a fifty-two week high of $83.66. The stock has a market cap of $68.89 billion, a PE ratio of 5.53 and a beta of 0.09. The stock has a fifty day moving average of $78.25 and a 200-day moving average of $70.15.

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About iShares Gold Trust

(Free Report)

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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